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Posted 01 September, 2023

CENTRUS ENERGY CORP appointed new CEO

CEO Change detected for ticker NYSE:LEU in a 8-K filed on 01 September, 2023.


  Thereafter, he will serve as a special advisor to the Chief Executive Officer and the Board of Directors until his retirement from the Company on December 31, 2023, and (b) the Board of Directors (the "Board") of the Company appointed Kevin J. Harrill to succeed Philip O. Strawbridge as Senior Vice President, Chief Financial Officer and Treasurer, effective September 1, 2023.  

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Overview of CENTRUS ENERGY CORP
Basic Materials/Resources • Non-Ferrous Metals
Centrus Energy Corp. engages in the supply of nuclear fuel and services for the nuclear power industry. It operates through the following segments: Low-enriched Uranium (LEU) and Technical Solutions. The LEU segment includes various components of nuclear fuel to utilities from its global network of suppliers. The Technical Solutions segment offers advanced engineering, design, and manufacturing services to government and private sector customers, and is deploying advanced nuclear fuel production capabilities to power existing, and next-generation reactors around the world. The company was founded in October 1992 and is headquartered in Bethesda, MD.
Market Cap
$640M
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CENTRUS ENERGY CORP by TradingView
Relevant filing section
Item 5.02 Departure of Directors of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


As previously disclosed in a Current Report on Form 8-K filed on August 7, 2023, (a) Philip O. Strawbridge stepped down from his position as Senior Vice President, Chief Financial Officer, Chief Administrative Officer and Treasurer of Centrus Energy Corp. (the "Company"), effective August 31, 2023. Thereafter, he will serve as a special advisor to the Chief Executive Officer and the Board of Directors until his retirement from the Company on December 31, 2023, and (b) the Board of Directors (the "Board") of the Company appointed Kevin J. Harrill to succeed Philip O. Strawbridge as Senior Vice President, Chief Financial Officer and Treasurer, effective September 1, 2023.


In connection with the above, on August 31, 2023, Mr. Harrill and the Company entered into the Company's standard indemnification agreement and standard change in control agreement. The form of indemnification agreement was filed as Exhibit 10.77 to the Company's annual report on Form 10-K for the year ended December 31, 2014, which was filed with the Securities and Exchange Commission on March 16, 2015. The form of change in control agreement was filed as Exhibit 10.3 to the Company's current report on Form 8-K, which was filed with the Securities and Exchange Commission on January 16, 2013.


In connection with his role as special advisor, Mr. Strawbridge will remain an employee of the Company and will continue at his existing compensation which includes base salary of $620,000 and eligibility to receive the 2023 annual cash bonus through the end of the year, based on the Board's Compensation, Nominating and Governance Committee's evaluation of the Company's 2023 performance against the applicable 2023 performance goals, payable in 2024.